Form 4: DoubleVerify CEO Zagorski Reports Stock Transactions

Mark Zagorski, CEO of DoubleVerify Holdings, Inc., reported transactions involving restricted stock units and common stock, including shares withheld for tax obligations.

Summary

• Mark Zagorski, Chief Executive Officer and Director of DoubleVerify Holdings, Inc., filed a Form 4 detailing transactions on June 30, 2026.
• The transactions include the acquisition of 13,476 shares of common stock upon the vesting of restricted stock units (RSUs), with no cost basis ($0).
• Additionally, 7,453 shares were disposed of at a price of $10.84 per share, which were withheld to satisfy tax withholding obligations related to the vesting of RSUs.
• Following these transactions, Mr. Zagorski beneficially owns 587,817 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions related to executive compensation rather than significant strategic or financial events.

Positives

• Vesting of restricted stock units indicates progress towards long-term incentive compensation goals for the CEO.
• The CEO continues to hold a significant number of shares (587,817) directly, suggesting continued commitment to the company.

Negatives

• The disposal of 7,453 shares to cover tax obligations represents a reduction in the CEO's direct shareholding, albeit for a necessary purpose.

Risks

• The filing does not explicitly mention any new risks or challenges.
• Potential future tax withholding obligations could lead to further disposals of shares.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The filing includes an explanation of responses regarding the restricted stock units, their vesting schedule, and the tax withholding process.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership. The details of RSU vesting and tax withholding are common practices within the technology and digital advertising sectors where DoubleVerify operates.

Stakeholder Impact

• Shareholders gain insight into the CEO's compensation structure and continued commitment to the company through share ownership.
• Employees may view the CEO's RSU vesting as a positive indicator of company performance and incentive alignment.

Next Steps

• Continued vesting of remaining restricted stock units at a rate of 8.33% per quarter, subject to continued employment.
• Potential future share withholdings for tax obligations as RSUs vest.

Key Dates

Keywords

Form 4, SEC Filing, DoubleVerify Holdings, DV, Mark Zagorski, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Insider Transaction, Stock Withholding